Russian Units of Auchan, Nestlé, Lemana PRO (Formerly Leroy Merlin), and FM Logistic Get New Executives Under Putin-Ordered Temporary Control
7 Articles
7 Articles
Russian units of Auchan, Nestlé, Lemana PRO (formerly Leroy Merlin), and FM Logistic get new executives under Putin-ordered temporary control
Management has changed at the Russian operations of all four foreign companies whose assets Vladimir Putin placed under temporary control by decree.
Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs, called the introduction of temporary management in the Russian assets of Western companies a signal for the European Union. According to him, these measures are designed to prevent attempts to seize Russian frozen assets, reports TASS. “There is a lot of talk now about, for example, taking frozen Russian assets out of Belgian jurisdiction and transferring them to s…
The recent transfer to the provisional administration of Russian assets of Auchhan, Leman PRO, Nestle and a number of other companies can be regarded as "warning signals" by the Russian Federation against the background of discussions about the possible seizure of frozen assets by the CEC in the European Union, but so far these signals are not being adequately received, according to Alexander Shohin, President of the Russian Union of Industriali…
Vladimir Putin signed a decree placing the Russian activities of Auchan and Nestlé under temporary external administration, in favour of a Moscow society little known. A decision that revives the question of the fate of Western companies that have remained in Russia since 2022.
In the foreign companies that Russia's President Vladimir Putin transferred to external management, the CEOs of the Russian Ritailers Ashan and Lemana Pro (formerly Leroy Merlen), as well as the logistics company FM Logistic, Le Monlid, the legal person of Leman PRO, were led by Denis Isaev. According to the New Europe Gazette, this is the son of a former member of the State Duma, Rizvangaji Isaev.
The transfer of Russian assets from a number of Western companies to provisional administration could be a pre-emptive signal to the European Union against the background of discussions on the fate of Russia's frozen reserves, a view that was expressed by the head of the Russian Union of Industrialists and Entrepreneurs, Alexander Shohin.
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